Gambling Management

[moneystery]

Being disciplined can help you with better bankroll management. You will eventually see your losses decrease even if you are losing lots of bets. Controlling the amount of your bets is another thing that goes hand in hand with discipline. Do it consistently and you'll grow your bankroll if your bets hit a lot. It takes time, and of course you'd still claw back to your old habits, but you'll eventually get it done.

agree that managing bankroll is quite an important thing that gamblers need to do because when they cannot control their bankroll and play as they wish, then it can be predicted that their gambling will not be good for themselves. so a gambler needs to manage their bankroll and be disciplined about it. maybe at first it will be difficult, because they are used to gambling as they please and there is always a desire to gamble more, but if they continue to be trained and disciplined towards this then gamblers can gamble more responsibly and with an allocated bankroll.

[1715591548]

1715591548

[masulum]

Also you might benefit from tracking your gambling budget, winnings and losses with spreadsheet, so later on you can track where and when you lost your money, or won something. As it sounds like you are losing track of $ usage and end up losing more because of it. Not only budgeting with spreadsheet helps you getting a better grasp on finances, it helps you on taxes etc..

The most important thing is not the spreadsheet. But the psychology when it comes to gambling. Someone may be able to record their deposit activities on a spreadsheet, but that will actually have a negative impact on their psychology and emotions when they see that the amount of their losses is much bigger. Of course it would be good if he is able to control emotions and think properly after seeing his spreadsheet, like reducing the gambling budget or even deciding to stop gambling. However, if he seeing the results in a spreadsheet that are experiencing a bigger loss, and want to catch up on that loss, he should not need to use a spreadsheet, but actually he need to reduce gambling activities and made more restrictions for himself. It would be better if he can took a break from gambling to improve his psychology, mentality, strategy and goals in gambling.

[Fivestar4everMVP]

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

This strategy of management of funds as you explained you do above can indeed be helpful, I mean, it's a good strategy provided you are disciplined well  enough not to break or stop along the way, in my place, it is commonly said that there are several ways to catch a rat, so, every rat hunter have to find a the way that works best for him or her, depending on the type of rat the hunter is chasing, and at what location and the kind or type of hole the rat lives in.

So also in gambling, there are several ways to money or fund management, we all as gamblers just have to find out a way that works for us,  which also should depend on our personal gambling behaviors and level and type of activity.
So, as a gambler, it is your responsibility to find out or device a strategy that will work or works for you, depending on how you do your gambling, as I believe we all have our different ways of gambling, which is why sometimes, a strategy that works for one person doesn't work for others, simply, that strategy may require a certain type of gambling behavior which only that person the strategy works for, possesses, the other will just try and fail.

So, overall, this is a good money management strategy, and I think I wil try it myself, to see if it works for me or not..

[Asuspawer09]

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

I mean you're probably getting kinda of greedy considering you're betting though winning or losing it wouldn't really matter since you just let your emotions win at this time which is what the casino likes you to do and that just means that you fall on their trap.  Personally, I dont really think that it is possible to earn a good amount of profit, especially on gambling because it is just way to risky for someone to actually think that it is a good idea or good source of income, it is for sure might be a way to make a profit and there are a lot of people probably that get lucky who is able to make a good amount of money on it but it doesnt actually mean that you could do it as well. Lets be honest most of the games are rigged and probably designed for you to lose your money so I dont really think that we could actually make a good income on that, Personally, I would prefer sports betting since it might be fair in the most part and kinda fun also in my experience, the winning is as well big for the multiplier.

The thing is if we want to actually want to minimize the loss just dont gamble and put your funds on something that could actually make a good income as an investment, for sure your funds are going to be safe as an asset.

[Oilacris]

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

Your money then its  your rules on which if you do find yourself having that kind of impulsive betting or manner and it leads into spending all of your bankroll in one go then it would be just that right that you should really be needing to change up. IF you are already that making use of your previous wins profits because of that kind of all in betting then it would be just that right that you would really be needing up some adjustments so that you could really be able to make yourself having that more bets that you could be able to bet on and not really just that putting up all of those funds in one bet.
This is really that a very common gambler behavior on which we are really that too impulsive on things on which it does come into a point that you would be having that all in kind of behavior.

[swogerino]

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

That may help somewhat.I think you are referring to sport bets in here.I will tell you what I do with slots,I set a budget like let's say 50 dollars and play with minimum bet of 0.10 a slot machine that has a max win x35000 like Clash of Camelot or x40000 like Return of the Green Knight.I choose these two games as an example here as the bonus feature in these games can go crazy sometimes.When I have bad sessions going to 0 I quit and call it a day.I try twice a week or 100 dollars max weekly and don't put more as this is my allocated budget for gambling.That works well for me.

[taufik123]

I do that too, always using all the money I got from a big win in the beginning, and it will run out in the end.
The self-control not to use all the money is still not good for me and is still affected by greed to bet all.

But if you've started changing those habits, that's good enough.
There is effort and management that you are trying to do.
But it must be clear what percentage you will use and what percentage of funds will be reserved,
so that there is no excessive use of funds when gambling.

[Weawant]

agree that managing bankroll is quite an important thing that gamblers need to do because when they cannot control their bankroll and play as they wish, then it can be predicted that their gambling will not be good for themselves. so a gambler needs to manage their bankroll and be disciplined about it. maybe at first it will be difficult, because they are used to gambling as they please and there is always a desire to gamble more, but if they continue to be trained and disciplined towards this then gamblers can gamble more responsibly and with an allocated bankroll.

Playing as you Wish is something you so if you don't have strategic plans on bankroll management and that means you could go bankrupt at any point and loose the capacity to be able to gamble but I'd you have got a good bankroll management and you are very keen to it, you have better chances of staying longer gambling till you are lucky.

Sometimes reckless gambling can be profitable but this doesn't happen often, most times we gamble reckless we end up loosing all our funds and it's only a few times you can get lucky and probably hit it big at once but then it's very important you make sure you always be on the safe side my managing your funds well enough so you don't end them in regrets, discipline to staying true to your bankroll rules helps you  a lot to staying very responsible gambling but it takes a few who actually keeps to such gambling rules and discipline .

[killerfrost]

Winning big on a small bet? Awesome! But don't go all Hollywood and start betting the farm. Remember, that small bet was your lucky charm, not a magic money machine.Multi-betting? Think of it like spreading your pizza toppings too thin – sure, you might get a little bit of everything, but you won't be truly satisfied. Gambling ain't a guaranteed path to riches, that's for sure. But if you play smart, set limits, and know when to cash out, you can walk away a winner.

[panjul07]

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

That's good method to be used in gambling, at least you can minimize the chance to lose all (winnings + initial deposit).
Now the question is, when will you do it if you do not have a target or a limit when you are on lucky moment of winning?
You need to have a plan before start, when will you withdraw your initial deposit? Will it be when you make 10-20% profit, 30-40% profit or when you have doubled your deposit?
A plan is still not enough as your greed when you are on winning may kill the plan, so you need a loud reminder on yourself when you need to withdraw your initial deposit.

[Westinhome]

agree that managing bankroll is quite an important thing that gamblers need to do because when they cannot control their bankroll and play as they wish, then it can be predicted that their gambling will not be good for themselves. so a gambler needs to manage their bankroll and be disciplined about it. maybe at first it will be difficult, because they are used to gambling as they please and there is always a desire to gamble more, but if they continue to be trained and disciplined towards this then gamblers can gamble more responsibly and with an allocated bankroll.

The gambler who do gambling should be able to manage their own bankroll,because many gamblers do not use to maintain their balance.They will do gambling and if they win they will go for the entertainment and vacation trips.But if they loss the entire money,they will start to ask the loan from their friends.With the current economic condition,not all the friends will support you in financial.Only the close friends will help you with their money,So the loss will make you get into the financial imbalance.The gamblers always get loan from their friends at the needed situation due to the loss.Avoid of taking loans and increase your gambling winnings.

[Twentyonepaylots]

For me, I think the things that you should do are: first, discipline. You should be disciplined when gambling, stake what you can afford to lose, and set a budget that you think is okay to lose if you ever go zero on gambling. Next, don't let greed take over you. Sometimes I get greedy whenever I win multiple times on a single day. I tend to bet higher because I know that luck is on my side, but I end up losing. When you lose, you tend to get frustrated and want to take all your assets, so you'll bet higher again. If you lose, then this will be a cycle, and you'll end up at zero again.

Also, you should set a minimum amount of profit when betting. For example, for today, you want to win $20. If you already have that amount of money, then you are done for the day. Don't bet it again to win more. Most importantly, take a profit every time you win.

[alani123]

In terms of budgeting, if you run out of funds, you really need to zoom out a bit and think further than just gambling.

You NEED to start counting your spending.
And I don't just mean the bills and important transactions. Even if you spend money on a singular piece of gum or a bottle of water at a store, count it in. There are great apps to count your spending. In the past I have used My Expenses from F-droid. It's an open source free app that is actively developed and donation supported.

At this stage, I would recommend stopping gambling all together until you can sort things out to begin with. After you count all your expenses for a month or two, consider based on your current income, how much you're setting aside. Really if the amount of money you can set aside is not satisfactory, you should reduce your gambling dramatically. Only gamble with a very small portion of what you can actually set aside.

[terrific]

Whatever works for you, must be the one you are doing. If taking profits and having a portion of it to save for you to be able to gamble again works, no doubt that it should be done by you and keep doing it.
We have our own ways of keeping ourselves on track when we gamble and as long as it's not giving you a hard time to gamble again next, that's a good strategy that you're following.

[Jody.Drummer]

This is the importance of why we must be able to limit the gambling activities that we do based on the right understanding, because after all gambling is nothing more than a game of probability which means only a game of chance which means you can win or lose at the end of the session, I'm sure if you already know that gambling is an activity that involves risk then obviously you will not dare to take actions that you are basically unable to account for when you lose, and also do not consider gambling as a place to earn because with this usually greed will be very difficult for you to ignore, in the sense that you gamble with the aim of always pursuing a much bigger win. But on the other hand, thank goodness if now you have been able to change your approach in a better direction by first securing the money that was made as initial capital and continuing gambling using pure money from the winnings alone, I hope you can maintain this change.

[ralle14]

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

Using profits coming from your recent bet is a good alternative i've used the same strategy before, but it's best if you can be strict with your bet sizing, like sticking to a 1-5 rating in terms of confidence per bet instead of using your profits in one go because you can't count out the possibility of losing several bets in a row.

I'd suggest adding an objective of prolonging your bankroll so you'll be discouraged from making aggressive bets.

[Findingnemo]

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

This isn't a great strategy and all you need is one losing bet to lose the rewards you made and in gambling it's more often comes than winning so I suggest not to follow this strategy at all.

If you feel you are exhausting your balance then what you need to do is to decrease your bet amount and I would say keep it as low as possible to have logetivity in your bets that can satisfy your gambling urge as well as higher the betting number then more longer you can feel win than one bet strategy.

[Fiatless]

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

You just got yourself a gambling plan, it might look simple but it can help you to control your losses. Using some of your profit for gambling and keeping your initial deposit is a commendable plan. For me, I follow my gambling plan no matter my losses or wins. If I am not fortunate enough to win after exceeding my budget for the day, I will quietly stop betting. If I am lucky enough to win, I will not still exceed my gambling budget because I also use my gambling wins to take care of my needs.

[Zanab247]

I do that too, always using all the money I got from a big win in the beginning, and it will run out in the end.
The self-control not to use all the money is still not good for me and is still affected by greed to bet all.

That is a bad habit someone needs to change from gambling because, it can make some to regret when you finish all the money your won in the gambling center at the moment without going home with some thing.

But if you've started changing those habits, that's good enough.
There is effort and management that you are trying to do.
But it must be clear what percentage you will use and what percentage of funds will be reserved,
so that there is no excessive use of funds when gambling.

I personally budgeted $5 daily in my gambling either win or lose I will gamble and, it has been helping me to stay long in the gambling and it has helped me to learn a lot of things from the gambling center too which my winning is plenty than loss and I'm very happy with the system and you can also apply the same system to economize your funds in gambling.

[abel1337]

I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

You absolutely need to learn how to manage. If it happened so many already, you should make sure that it will not happen again next time. If it became a habit of yours, try to change it by withdrawing your initial capital and your profit and use the remaining funds to gamble. Try to write down the things you need to do when you win on a paper and stick it beside your monitor, it will be a good start as you will notice it every time and familiarize it until you make it an habit. I guess you also need to have a proper financial management because it seems that you can't control yourself from this kind of things, it would be better to try to avoid this kind of habit now because I'm sure it can lead to addiction. This is one of addicts symptoms, they always forget the value of money they are spending on each bets they do.